Belarus: Market for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms 2024

Market Size for Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Belarus

The Belarusian market for polyethylene terephthalate and other polyethylene terephthalate in primary forms reached $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. Consumption of peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms in Belarus

In value terms, production of polyethylene terephthalate and other polyethylene terephthalate in primary forms rose slightly to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced contraction. The growth pace was the most rapid in 2018 with an increase of X%. Production of peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Exports from Belarus

In 2022, shipments abroad of polyethylene terephthalate and other polyethylene terephthalate in primary forms increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, saw a sharp curtailment. The pace of growth appeared the most rapid in 2015 when exports increased by X%. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms rose remarkably to $X in 2022. In general, exports, however, continue to indicate a precipitous contraction. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Russia (X tons) was the main destination for exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Belarus, with a X% share of total exports. Moreover, exports of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Russia exceeded the volume sent to the second major destination, Uzbekistan (X tons), more than tenfold. Kazakhstan (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Kazakhstan (X% per year).

In value terms, Russia ($X) remains the key foreign market for polyethylene terephthalate and other polyethylene terephthalate in primary forms exports from Belarus, comprising X% of total exports. The second position in the ranking was held by Uzbekistan ($X), with a X% share of total exports. It was followed by Ukraine, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Russia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uzbekistan (X% per year) and Ukraine (X% per year).

Export Prices by Country

The average export price for polyethylene terephthalate and other polyethylene terephthalate in primary forms stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price continues to indicate a mild descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Uzbekistan ($X per ton), while the average price for exports to Kazakhstan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Uzbekistan (X%), while the prices for the other major destinations experienced a decline.

Imports of Polyethylene Terephthalate And Other Polyethylene Terephthalate In Primary Forms

Imports into Belarus

In 2022, overseas purchases of polyethylene terephthalate and other polyethylene terephthalate in primary forms were finally on the rise to reach X tons after five years of decline. Overall, imports, however, saw a sharp shrinkage. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms rose markedly to $X in 2022. Over the period under review, imports, however, recorded a significant decline. The growth pace was the most rapid in 2013 with an increase of X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports of remained at a somewhat lower figure.

Imports by Country

In 2022, Russia (X tons) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Belarus, accounting for a X% share of total imports. Moreover, imports of polyethylene terephthalate and other polyethylene terephthalate in primary forms from Russia exceeded the figures recorded by the second-largest supplier, Oman (X tons), ninefold. Lithuania (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Russia totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (X% per year) and Lithuania (X% per year).

In value terms, Russia ($X) constituted the largest supplier of polyethylene terephthalate and other polyethylene terephthalate in primary forms to Belarus, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Russia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Oman (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the average import price for polyethylene terephthalate and other polyethylene terephthalate in primary forms amounted to $X per ton, with an increase of X% against the previous year. Overall, the import price, however, continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform